U.S. stock futures were lower, taking their cues from Europe and Asia, where stocks fell more than 1%.
Investors are also gearing up for a big week on the earnings front.
Goldman Sachs (Fortune 500), , Bank of America (Fortune 500) and , Morgan Stanley (Fortune 500) are on tap to report results later this week. Also, tech earnings begin in earnest this week, with , Yahoo (Fortune 500), , Nokia (, )Google (Fortune 500) and , Microsoft (Fortune 500)on deck. ,
In corporate news Monday, Dish (Fortune 500) said it is , bidding $25.5 billion to buy Sprint Nextel (Fortune 500), countering an agreement between Sprint and Japan's Softbank. Sprint's stock price surged 15% in premarket trading. ,
Thermo Fisher Scientific (Fortune 500) signed an agreement to acquire , Life Technologies ( in a deal valued at $13.6 billion, plus debt. )
U.S. stocks broke a four-day winning streak Friday but still logged solid gains for the week.
In U.S. economic news, the New York Fed released its monthly manufacturing survey showing that conditions for New York manufacturers improved slightly in April. The indexes for general business conditions and new orders remained positive, despite modest month-to-month declines.
Asian markets ended lower after the Chinese data. The Shanghai Composite lost 1.1%, the Hang Seng declined 1.4% and the Nikkei dropped 1.6%.
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